WASHINGTON -- President-elect Barack Obama called disclosures about Treasury choice Timothy Geithner's tax problems an embarrassment Wednesday but said Geithner's "innocent mistake" shouldn't keep him from confirmation as the new administration's top official in urgent efforts to revive the economy.
The revelations that Geithner had failed to pay $34,000 in taxes several years ago derailed Senate Democrats' plans to speed him to confirmation by Inauguration Day, but senators in both parties said the information was unlikely to torpedo his chances in the end. [Continue reading]
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